Mortgage Rates
Our rates for qualified residential mortgages
When you’re buying your dream home, what you pay for your mortgage is a key consideration. But there are other vital priorities as well. Making mortgage decisions based on rate alone doesn’t always deliver value in the long run. At First National, we want to help you secure a competitive mortgage and provide value along the way — simplified management, ongoing education, accessible expertise – so you can own your dream home and achieve your financial goals.
Rates effective as of Friday, December 6, 2024 for qualified residential properties.
Posted Rates
Fixed rate mortgages – closed terms
| Mortgage type | 1 year | 2 year | 3 year | 4 year | 5 year | 7 year | 10 year |
|---|---|---|---|---|---|---|---|
| Insured | 6.63 | 5.92 | 5.04 | 4.99 | 4.64 | 5.90 | 5.80 |
| Insurable up to 65% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.64 | N/A | N/A |
| Insurable > 65% - 70% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.74 | N/A | N/A |
| Insurable > 70% - 75% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.79 | N/A | N/A |
| Insurable > 75% - 80% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.84 | N/A | N/A |
| Conventional | 6.63 | 5.92 | 5.04 | 4.99 | 4.99 | 5.90 | 5.80 |
Adjustable rate mortgages
| Mortgage type | 5 year |
|---|---|
| Insured | Prime - 0.85% for the entire term |
| Insurable up to 65% LTV | Prime - 0.85% for the entire term |
| Insurable > 65% - 70% LTV | Prime - 0.70% for the entire term |
| Insurable > 70% - 75% LTV | Prime - 0.55% for the entire term |
| Insurable > 75% - 80% LTV | Prime - 0.55% for the entire term |
| Conventional | Prime - 0.11% for the entire term |
First National Prime Rate: 5.95
Open term mortgage
| 6 month fixed term | 9.95 |
|---|
Excalibur Mortgage Rates
| Year | 680+ | 650-679 | 600-649 | 580-599 | < 580 |
|---|---|---|---|---|---|
| 1 Year | 5.84% | 5.99% | 6.24% | 6.49% | 6.74% |
| 2 Year | 5.54% | 5.69% | 5.94% | 6.19% | 6.34% |
| 3 Year | 5.44% | 5.59% | 5.84% | 6.09% | 6.34% |
Not familiar with these mortgage terms? Visit our glossary here.
Rates are for single-family residential mortgages.
Actual rates may vary. Please contact First National toll-free at 1.888.670.2111 or send us a message through your My Mortgage account.
Rates are subject to change without notice.
E. & O. E.
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